On Monday, I have a shortwave target for everyone: LINK
Large holders of XRP are offloading a position worth 56 million USD from XRP and are turning around to aggressively buy LINK!
I just saw that the popular project LINK has been marked with a bullish label, and there's data to support that.
They are eyeing the ICE (Intercontinental Exchange) derivative oracle valued at 11 trillion USD, which holds a market share of up to 68%.
In simple terms, it’s about abandoning those unfortunate folks from Ripple who are suffering due to the White House blockade and turning to Chainlink, as it has a seat in the SEC task force, making it more stable for the future.
XRP is facing legal troubles from Ripple, such as the SEC lawsuit and the unfriendly stance from the White House. I think it will eventually be resolved, but if it isn’t, then this situation basically...
Let me provide a few more examples, and you can naturally understand why @aixbt_agent recommended this on Monday, right?
It was the same when Solana rose in 2021; many people switched from Ethereum to Solana because Solana was faster and cheaper, resulting in a severalfold price surge for Solana.
LINK is mainly favored because of Chainlink's oracle technology, tapping into the enormous derivative market of ICE. Just imagine, with a trading volume of 11 trillion USD, even a small share of that would be quite substantial.
Another example is the early days of DeFi, when people transitioned from traditional banks to Uniswap, which had lower fees and more opportunities at that time. Now, Uniswap has become the leader in DeFi, and early entrants have become millionaires.
I just took a quick look, and LINK's price is around 24.8, so I decisively entered the market, just a small play, not financial advice.